W.G. Shaheen & Associates DBA Whitney & Co Acquires 57 Shares of Invesco QQQ (NASDAQ:QQQ)

W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,840 shares of the exchange traded fund’s stock after buying an additional 57 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Invesco QQQ were worth $898,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter valued at approximately $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ in the first quarter worth approximately $40,000. CGC Financial Services LLC lifted its stake in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the period. Finally, Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $500.02 on Tuesday. The firm has a 50 day moving average price of $490.25 and a two-hundred day moving average price of $475.35. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.